BITCOIN (#BTC): Falling Window Candlestick

BITTREX:BTCUSDT   Bitcoin / Tether
Hello Crypto Traders,

I am here with updated BTC TA.

Firstly, today's brief summary - After few days of rising, BTC was stopped by EMA100 at $7400 and price dropped below $7000. Meanwhile, on a small TF, can see the well-known figure named "head and shoulders" - with the prospect of going down to the are below $6500 again. BTW pay your attention to two long red candles (10:00 and 16:00) well known as "Falling Window" = highly bearish signal and indication of downtrend continuation.

What we can expect to happen now? Hard to say, because BTC is highly manipulated. But In my opinion = So, dropdown! I suppose to downtrend will continue and price will be dropped below $6500. Not today, maybe not tomorrow, but in a few next days. After that we can expect rebound to price at $8000.

All important EMA's trend lines are above us. Kijun reversed from bullish to bearish . MACD is bearish too. Just, RSI is overbouht.

Never invest all your BTC  in one or two coins. Diversify your balance with *1/10. Remember to set stop-loss 5% - 7% below of your entry point. Always set a stop-loss at entry point after the price increased. Always sell 30-50% of your investment and set a stop-loss at 5-10% below after reach first target.

I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!

Good Luck!

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